Lester Control Systems Limited

Lester Control Systems Ltd, based in Croydon, UK, is a large, holding company with an active status, celebrating 40 years in business. Employing 83 people and holding £8,458,890 in assets, the company generated £12,959,559 in revenue last year. Despite a virtual address registered with 25 other companies, it’s managed by eight directors and has one reported owner. With a Google rating of 3.0 based on just six reviews, and regularly importing and exporting electrical machinery and equipment, Lester Control Systems Ltd operates within a competitive market.

The company’s website, lestercontrols.co.uk, showcases a wide range of products and services related to lift and handling equipment. It's primarily a business-to-business operation, offering spare parts and replacement parts through an online catalogue. There's no obvious e-commerce functionality for direct consumer sales; instead, it appears to be a platform for showcasing products and facilitating orders through contact forms or direct sales inquiries. The site details various controllers, drives, motors, and components, catering to a technical audience. It also highlights engineering services, including repairs, maintenance, and upgrades.

Financially, Lester Control Systems Ltd exhibits some concerning trends. While cash bank on hand increased significantly by 81% to £4,800,000, accrued liabilities deferred income surged by 2200% to £130,000. This suggests a potential increase in short-term debt obligations. Depreciation on plant machinery remained steady, but the company’s net assets declined, indicating a reduction in overall equity. Bank borrowings increased, and trade creditors decreased, which could mean the company is managing its short-term debt obligations better. The company’s revenue increased by 17%, which is a positive sign, but the increase in liabilities needs to be monitored. With an auditor, CLA Evelyn Partners Limited, overseeing the financials, the company’s unaudited figures are subject to external scrutiny.

Overall, Lester Control Systems Ltd appears to be a well-established player in its niche, but the financial data suggests it’s navigating some challenges. The company’s continued focus on its core business and its ability to manage its debt obligations will be key to its long-term success.

Registered in England/Wales under the registration number 01863851, with a registered address at CR0 4RR, England, Croydon, 59 Imperial Way.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.